Checchi Capital Advisers LLC acquired a new position in shares of Royal Caribbean Cruises Ltd (NYSE:RCL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,738 shares of the company’s stock, valued at approximately $207,000.
A number of other institutional investors have also modified their holdings of RCL. Thrivent Financial For Lutherans grew its position in Royal Caribbean Cruises by 3.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,350 shares of the company’s stock worth $694,000 after purchasing an additional 200 shares during the last quarter. HighTower Advisors LLC grew its position in Royal Caribbean Cruises by 78.3% during the 2nd quarter. HighTower Advisors LLC now owns 3,879 shares of the company’s stock worth $421,000 after purchasing an additional 1,704 shares during the last quarter. AHL Partners LLP purchased a new position in Royal Caribbean Cruises during the 2nd quarter worth $2,394,000. Janus Henderson Group PLC grew its position in Royal Caribbean Cruises by 221.9% during the 2nd quarter. Janus Henderson Group PLC now owns 62,092 shares of the company’s stock worth $6,783,000 after purchasing an additional 42,800 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new position in Royal Caribbean Cruises during the 2nd quarter worth $4,028,000. 67.04% of the stock is currently owned by institutional investors.
Shares of Royal Caribbean Cruises Ltd (RCL) opened at $125.37 on Tuesday. The firm has a market cap of $26,840.00, a PE ratio of 16.65, a PEG ratio of 0.67 and a beta of 1.10. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 0.59. Royal Caribbean Cruises Ltd has a fifty-two week low of $93.40 and a fifty-two week high of $135.65.
Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. sell-side analysts expect that Royal Caribbean Cruises Ltd will post 8.67 EPS for the current year.
In related news, CFO Jason T. Liberty sold 5,892 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $131.19, for a total value of $772,971.48. Following the completion of the sale, the chief financial officer now owns 43,972 shares in the company, valued at $5,768,686.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $123.76, for a total transaction of $2,475,200.00. Following the completion of the sale, the chief executive officer now owns 895,416 shares of the company’s stock, valued at approximately $110,816,684.16. The disclosure for this sale can be found here. Insiders sold 73,296 shares of company stock valued at $9,266,380 in the last quarter. Company insiders own 15.30% of the company’s stock.
Several research analysts have issued reports on RCL shares. Argus raised their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $126.00 target price on shares of Royal Caribbean Cruises in a report on Sunday, October 15th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 target price (up previously from $128.00) on shares of Royal Caribbean Cruises in a report on Monday, November 6th. Wedbush reaffirmed an “outperform” rating and issued a $139.00 target price (up previously from $129.00) on shares of Royal Caribbean Cruises in a report on Wednesday, November 8th. Finally, Stifel Nicolaus lifted their target price on shares of Royal Caribbean Cruises from $134.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $137.67.
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Royal Caribbean Cruises Profile
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).
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